Entergy cancels nuclear plans

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Entergy Corp cancelled the planned spinoff of several of its nuclear power plants after hitting regulatory hurdles in New York, and the utility owner said it would take more than $75m (£49m) in charges from the effort. The company, the second-largest US nuclear power plant operator, said it would unwind the business infrastructure associated with the spinoff and take a charge of 40 cents to 45 cents per share, or $75.7m to $85.1m. Entergy had planned to spin off six reactors, including three in New York, into a new company called Enexus Energy Corp.